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In today’s competitive job market, attracting and retaining top talent is a constant battle for HR Managers. A recent Willis Towers Watson survey found that over 43% of employees in Asia report living paycheck to paycheck, a significant increase since 2019. This highlights the growing importance of comprehensive employee benefits packages that go beyond the basic employee benefits.
But with a complex landscape of employee benefits management platforms, HR managers face the challenge of too much choice - How do you choose the right solution for your company?
In this article, we aim to simplify that decision by comparing Mednefits with one of our key competitors. We analyse ten critical features that matter most to HR managers, from plan customisation and network reach to employee wellness programs and cost-effectiveness. By exploring these features in detail, you'll gain a clear understanding of how Mednefits can streamline your benefits administration, empower your employees' health and wellbeing, and ultimately give your company a competitive edge in attracting and retaining the best talent in Malaysia and Singapore.
| Mednefits | Platform B | |
|---|---|---|
| Network of Providers | 6,000+ | 4,000+ |
| Dedicated Account Manager upon Enrolment | Account manager will be assigned with Customer Support available from 9 am to 6 pm on business days | Nil, Support available via Customer Service |
| Integration with HRMS platform | Integration available in 2025 onwards | Not available |
| Employee Health Data Privacy | ISO 27001 Certified | Nil |
| Panel and Non-Panel Claims Reimbursement | Both panel and non-panel claims can be reimbursed | Both panel and non-panel claims can be reimbursed |
| Benefit Categories Offered | Outpatient GP, Dental, Optical, Health Screening, Specialist, Wellness, TCM, Insurance, Customised Categories | Outpatient GP, Dental, Optical, Health Screening, Insurance |
| Customisation of benefits plan based on years of service or management level | Available - pro-ration is also available for part-time staff | Depends, on a case-by-case basis |
| Payment Options | Postpaid, billed monthly with no deposit limit or Prepaid, billed annually, inclusive of 20% guaranteed savings. | Postpaid with a minimum deposit. |
| Dependent Coverage | Parent, Spouse, Children, Family | Spouse, Children |
| Cashless Experience | Available at all Panel Providers | Case by case basis |
| Coverage Area | Nationwide, Malaysia and Singapore | Malaysia only |
